Financial Coach Training Meets High Standards

The National Financial Educators Council (NFEC) offers options for those seeking to obtain financial coach training. If you want to help people get a better handle on their finances and work toward secure financial futures, we invite you to undertake the financial coach master training that gives you the confidence, credibility, and expertise to motivate clients to take positive action toward improving their personal finances. Graduates of the NFEC’s Certified Personal Financial Wellness Consultant financial coach certification prove that they meet the highest standards for financial coaching and have the top-level skills to increase their impact.

Steps Involved in the NFEC Financial Coach Certified Financial Coach Training

People who enroll in the NFEC’s Certified Personal Financial Wellness Consultant financial coach training embark on an advanced training path that qualifies them to conduct personal finance coaching and lead group educational programs. The education requirements include 80 Professional Development Hours (PDH) of coursework and passing a 200-question test with a score of 80% or better to become a financial coach. Implementation requirements involve event practice and delivery, submission of results, and presenting results via webinar to an NFEC panel. Finally, you must demonstrate expertise and leadership through content creation and strategic business plan development. All these components add up to 320 PDH total training.

 

Certified Financial Coach Training Standards

The NFEC proactively developed a set of criteria to govern the certification requirements for the financial coach training. The Financial Coaching Standards and Code of Ethics specifies that financial coaches bear fiduciary responsibility to their clients. The NFEC drew upon guidelines from more than 12 industry authorities to write these criteria, including the Federal Trade Commission, the National Board for Professional Teaching, and the Securities & Trade Commission.

These standards were developed to ensure the qualifications of NFEC-certified financial coaches in a largely unregulated industry, thereby protecting clients and coaches alike. The criteria also frame best practices for high-quality teaching; hiring, recruiting, and evaluating financial educators; and common language for communicating about personal finance.

Planning for Financial Coach Training Competencies

Coaching Systems

After you complete the financial coach master training and obtain the credential that solidify your status as a qualified financial coach, you will receive access to contemporary client management systems that allow you to gather and review the data that make up a client’s full financial position: income, liabilities and assets, credit history and score, and insurance. These data may be entered into our proprietary reporting software to deliver clients a personal finance plan report and updated progress reports for the duration of your coaching relationship.

Systems for Certified Financial Coach Training Best Practices

Educational Resources for Financial Coaching

Completion of the financial coach training also entitles you to use all 400 hours of the NFEC’s financial literacy curriculum resources. This curriculum package is widely-recognized for its ability to engage students and inspire them to take positive financial action. These state-of-the-art resources come in a modular design with flexibility to fit different schedules.

The curriculum also offers flexible delivery modes, including an online learning platform called eVolve. This robust eLearning program and its Learning Management System are designed around evidence-based best practices for online learning. The eVolve platform provides an authentic, dynamic user experience and leverages a learner-centered educational approach to engage students with the financial literacy material.

Configurations of Financial Coach Training Proposal

Topic Expert Support

As a graduate of the financial coach training you will be an expert in financial coaching, but not in every personal finance subject. Depending on your background, you will be helping people build their financial foundations, and you can also provide coaching in areas where you already have special knowledge. But when you run into a client question you can’t answer, you may draw upon the NFEC’s financial coaching group and team of experts who can provide the supplementary expertise you need. There is a modest additional investment required for this service.

Coaching Track Options

The NFEC serves three separate groups with its financial coach training:

  • Organizations – Receive staff training and professional development.
  • Employment-seekers – Gain credentials to become employed in the space.
  • Entrepreneurs – Obtain training and resources to support building a coaching business.

In addition, there are four areas in which our graduates may serve their clients:

  • Personal Finance coaching – Support clients toward financial health through customized coaching, education, and accountability.
  • Learner Certification – Give clients training and standards-based measures to demonstrate accomplishment of set learning outcomes.
  • Accountability Programs – For groups of family, friends, and/or co-workers.
  • Group Financial Education – Courses and workshops for larger groups.